Form 8.3 - JTC PLC

14th Nov 2025 10:11

RNS Number : 6141H
BNP Paribas London
14 November 2025
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Full name of discloser:

BNP Paribas SA

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

JTC plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

12/11/2025

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

No

If YES, specify which:

 

 

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

 

JE00BF4X3P53 (1p ordinary)

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

3,206,809

1.8644

-1,897,688

-1.1033

(2) Cash-settled derivatives:

1,159,758

0.6743

-1,095,416

-0.6368

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

+0

TOTAL:

4,366,567

2.5386

-2,993,104

-1.7401

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b) Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

 

 

 

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a) Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit

JE00BF4X3P53

Purchase

15

12.9800 GBP

JE00BF4X3P53

Purchase

910

12.9800 GBP

JE00BF4X3P53

Purchase

2,829

12.9965 GBP

JE00BF4X3P53

Purchase

2,886

12.9800 GBP

JE00BF4X3P53

Purchase

3,852

12.9800 GBP

JE00BF4X3P53

Purchase

7,147

12.9800 GBP

JE00BF4X3P53

Purchase

15,309

12.9800 GBP

JE00BF4X3P53

Purchase

15,574

12.9665 GBP

JE00BF4X3P53

Purchase

17,074

12.9800 GBP

JE00BF4X3P53

Purchase

17,097

13.0600 GBP

JE00BF4X3P53

Purchase

21,024

12.9520 GBP

JE00BF4X3P53

Purchase

23,623

12.9800 GBP

JE00BF4X3P53

Purchase

25,000

12.9800 GBP

JE00BF4X3P53

Purchase

29,024

12.9800 GBP

JE00BF4X3P53

Purchase

50,000

13.0065 GBP

JE00BF4X3P53

Purchase

50,300

12.9800 GBP

JE00BF4X3P53

Purchase

56,100

12.9800 GBP

JE00BF4X3P53

Purchase

70,000

13.0200 GBP

JE00BF4X3P53

Purchase

70,548

12.9800 GBP

JE00BF4X3P53

Purchase

75,600

12.9800 GBP

JE00BF4X3P53

Purchase

173,920

13.0065 GBP

JE00BF4X3P53

Purchase

231,400

12.9800 GBP

JE00BF4X3P53

Purchase

249,252

12.9800 GBP

JE00BF4X3P53

Purchase

249,940

13.0600 GBP

JE00BF4X3P53

Purchase

257,200

12.9800 GBP

JE00BF4X3P53

Purchase

300,000

12.9800 GBP

JE00BF4X3P53

Purchase

579,400

12.9800 GBP

JE00BF4X3P53

Sale

-254,766

12.9800 GBP

JE00BF4X3P53

Sale

-200,000

12.9800 GBP

JE00BF4X3P53

Sale

-169,661

12.9800 GBP

JE00BF4X3P53

Sale

-150,000

12.9700 GBP

JE00BF4X3P53

Sale

-150,000

12.9700 GBP

JE00BF4X3P53

Sale

-125,000

12.9800 GBP

JE00BF4X3P53

Sale

-100,000

12.9700 GBP

JE00BF4X3P53

Sale

-97,119

12.9700 GBP

JE00BF4X3P53

Sale

-94,425

12.9800 GBP

JE00BF4X3P53

Sale

-85,840

12.9700 GBP

JE00BF4X3P53

Sale

-75,000

12.9700 GBP

JE00BF4X3P53

Sale

-75,000

13.0000 GBP

JE00BF4X3P53

Sale

-72,000

12.9800 GBP

JE00BF4X3P53

Sale

-51,000

12.9800 GBP

JE00BF4X3P53

Sale

-50,875

12.9400 GBP

JE00BF4X3P53

Sale

-50,091

12.9800 GBP

JE00BF4X3P53

Sale

-50,000

12.9700 GBP

JE00BF4X3P53

Sale

-42,686

13.0100 GBP

JE00BF4X3P53

Sale

-37,969

12.9800 GBP

JE00BF4X3P53

Sale

-33,367

12.9800 GBP

JE00BF4X3P53

Sale

-29,141

13.0000 GBP

JE00BF4X3P53

Sale

-27,007

12.9800 GBP

JE00BF4X3P53

Sale

-24,343

13.0100 GBP

JE00BF4X3P53

Sale

-22,725

12.9700 GBP

JE00BF4X3P53

Sale

-20,098

12.9800 GBP

JE00BF4X3P53

Sale

-19,973

13.1000 GBP

JE00BF4X3P53

Sale

-16,224

12.9800 GBP

JE00BF4X3P53

Sale

-15,489

12.9700 GBP

JE00BF4X3P53

Sale

-15,160

12.9800 GBP

JE00BF4X3P53

Sale

-15,000

12.9900 GBP

JE00BF4X3P53

Sale

-14,189

12.9800 GBP

JE00BF4X3P53

Sale

-13,497

12.9800 GBP

JE00BF4X3P53

Sale

-13,441

12.9984 GBP

JE00BF4X3P53

Sale

-13,201

12.9700 GBP

JE00BF4X3P53

Sale

-11,938

12.9800 GBP

JE00BF4X3P53

Sale

-10,304

12.9800 GBP

JE00BF4X3P53

Sale

-9,840

12.9800 GBP

JE00BF4X3P53

Sale

-8,726

12.9700 GBP

JE00BF4X3P53

Sale

-8,675

12.9800 GBP

JE00BF4X3P53

Sale

-8,221

12.9800 GBP

JE00BF4X3P53

Sale

-7,039

12.9800 GBP

JE00BF4X3P53

Sale

-6,587

12.9700 GBP

JE00BF4X3P53

Sale

-5,562

12.9800 GBP

JE00BF4X3P53

Sale

-5,000

12.9800 GBP

JE00BF4X3P53

Sale

-4,944

12.9800 GBP

JE00BF4X3P53

Sale

-3,830

13.0000 GBP

JE00BF4X3P53

Sale

-3,510

12.9700 GBP

JE00BF4X3P53

Sale

-3,293

12.9700 GBP

JE00BF4X3P53

Sale

-3,275

12.9800 GBP

JE00BF4X3P53

Sale

-3,246

12.9700 GBP

JE00BF4X3P53

Sale

-2,886

12.9800 GBP

JE00BF4X3P53

Sale

-2,531

12.9800 GBP

JE00BF4X3P53

Sale

-2,351

12.9700 GBP

JE00BF4X3P53

Sale

-2,188

12.9700 GBP

JE00BF4X3P53

Sale

-2,086

12.9800 GBP

JE00BF4X3P53

Sale

-1,949

13.0040 GBP

JE00BF4X3P53

Sale

-1,918

12.9800 GBP

JE00BF4X3P53

Sale

-1,871

12.9900 GBP

JE00BF4X3P53

Sale

-1,658

12.9800 GBP

JE00BF4X3P53

Sale

-1,617

12.9700 GBP

JE00BF4X3P53

Sale

-1,534

12.9800 GBP

JE00BF4X3P53

Sale

-1,450

12.9800 GBP

JE00BF4X3P53

Sale

-1,438

12.9800 GBP

JE00BF4X3P53

Sale

-1,411

12.9800 GBP

JE00BF4X3P53

Sale

-1,311

12.9700 GBP

JE00BF4X3P53

Sale

-1,225

13.0600 GBP

JE00BF4X3P53

Sale

-889

13.0048 GBP

JE00BF4X3P53

Sale

-881

12.9800 GBP

JE00BF4X3P53

Sale

-880

12.9800 GBP

JE00BF4X3P53

Sale

-807

12.9800 GBP

JE00BF4X3P53

Sale

-770

12.9800 GBP

JE00BF4X3P53

Sale

-740

12.9800 GBP

JE00BF4X3P53

Sale

-674

13.1000 GBP

JE00BF4X3P53

Sale

-623

12.9800 GBP

JE00BF4X3P53

Sale

-562

12.9800 GBP

JE00BF4X3P53

Sale

-546

12.9800 GBP

JE00BF4X3P53

Sale

-533

12.9800 GBP

JE00BF4X3P53

Sale

-531

12.9800 GBP

JE00BF4X3P53

Sale

-521

12.9800 GBP

JE00BF4X3P53

Sale

-517

12.9800 GBP

JE00BF4X3P53

Sale

-514

12.9800 GBP

JE00BF4X3P53

Sale

-513

12.9800 GBP

JE00BF4X3P53

Sale

-500

12.9800 GBP

JE00BF4X3P53

Sale

-500

12.9800 GBP

JE00BF4X3P53

Sale

-498

12.9800 GBP

JE00BF4X3P53

Sale

-494

12.9800 GBP

JE00BF4X3P53

Sale

-485

12.9800 GBP

JE00BF4X3P53

Sale

-471

12.9800 GBP

JE00BF4X3P53

Sale

-468

12.9800 GBP

JE00BF4X3P53

Sale

-466

12.9800 GBP

JE00BF4X3P53

Sale

-464

12.9800 GBP

JE00BF4X3P53

Sale

-462

12.9800 GBP

JE00BF4X3P53

Sale

-461

12.9800 GBP

JE00BF4X3P53

Sale

-457

12.9800 GBP

JE00BF4X3P53

Sale

-454

12.9800 GBP

JE00BF4X3P53

Sale

-451

12.9800 GBP

JE00BF4X3P53

Sale

-449

13.1000 GBP

JE00BF4X3P53

Sale

-443

12.9800 GBP

JE00BF4X3P53

Sale

-435

12.9800 GBP

JE00BF4X3P53

Sale

-434

12.9800 GBP

JE00BF4X3P53

Sale

-433

12.9800 GBP

JE00BF4X3P53

Sale

-433

12.9800 GBP

JE00BF4X3P53

Sale

-432

13.1000 GBP

JE00BF4X3P53

Sale

-415

13.1000 GBP

JE00BF4X3P53

Sale

-414

12.9800 GBP

JE00BF4X3P53

Sale

-400

12.9800 GBP

JE00BF4X3P53

Sale

-393

12.9800 GBP

JE00BF4X3P53

Sale

-393

12.9800 GBP

JE00BF4X3P53

Sale

-363

12.9800 GBP

JE00BF4X3P53

Sale

-351

12.9800 GBP

JE00BF4X3P53

Sale

-351

12.9800 GBP

JE00BF4X3P53

Sale

-346

13.1000 GBP

JE00BF4X3P53

Sale

-343

12.9800 GBP

JE00BF4X3P53

Sale

-330

12.9800 GBP

JE00BF4X3P53

Sale

-328

12.9800 GBP

JE00BF4X3P53

Sale

-306

12.9800 GBP

JE00BF4X3P53

Sale

-298

12.9800 GBP

JE00BF4X3P53

Sale

-293

12.9800 GBP

JE00BF4X3P53

Sale

-292

12.9800 GBP

JE00BF4X3P53

Sale

-290

12.9800 GBP

JE00BF4X3P53

Sale

-267

12.9800 GBP

JE00BF4X3P53

Sale

-263

12.9800 GBP

JE00BF4X3P53

Sale

-258

12.9800 GBP

JE00BF4X3P53

Sale

-256

12.9800 GBP

JE00BF4X3P53

Sale

-256

12.9800 GBP

JE00BF4X3P53

Sale

-254

12.9800 GBP

JE00BF4X3P53

Sale

-252

12.9800 GBP

JE00BF4X3P53

Sale

-252

12.9800 GBP

JE00BF4X3P53

Sale

-243

12.9800 GBP

JE00BF4X3P53

Sale

-243

12.9800 GBP

JE00BF4X3P53

Sale

-243

12.9800 GBP

JE00BF4X3P53

Sale

-243

12.9800 GBP

JE00BF4X3P53

Sale

-239

12.9800 GBP

JE00BF4X3P53

Sale

-237

12.9800 GBP

JE00BF4X3P53

Sale

-235

12.9800 GBP

JE00BF4X3P53

Sale

-228

12.9800 GBP

JE00BF4X3P53

Sale

-227

12.9800 GBP

JE00BF4X3P53

Sale

-217

12.9800 GBP

JE00BF4X3P53

Sale

-216

12.9800 GBP

JE00BF4X3P53

Sale

-213

12.9800 GBP

JE00BF4X3P53

Sale

-212

12.9800 GBP

JE00BF4X3P53

Sale

-203

13.0159 GBP

JE00BF4X3P53

Sale

-187

12.9800 GBP

JE00BF4X3P53

Sale

-180

12.9800 GBP

JE00BF4X3P53

Sale

-180

12.9800 GBP

JE00BF4X3P53

Sale

-176

12.9800 GBP

JE00BF4X3P53

Sale

-169

12.9800 GBP

JE00BF4X3P53

Sale

-146

12.9800 GBP

JE00BF4X3P53

Sale

-137

12.9800 GBP

JE00BF4X3P53

Sale

-131

12.9800 GBP

JE00BF4X3P53

Sale

-121

12.9800 GBP

JE00BF4X3P53

Sale

-118

12.9800 GBP

JE00BF4X3P53

Sale

-110

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-101

12.9800 GBP

JE00BF4X3P53

Sale

-84

12.9800 GBP

JE00BF4X3P53

Sale

-81

12.9800 GBP

JE00BF4X3P53

Sale

-77

12.9800 GBP

JE00BF4X3P53

Sale

-65

12.9800 GBP

JE00BF4X3P53

Sale

-63

12.9800 GBP

JE00BF4X3P53

Sale

-61

12.9800 GBP

JE00BF4X3P53

Sale

-56

12.9800 GBP

JE00BF4X3P53

Sale

-54

12.9800 GBP

JE00BF4X3P53

Sale

-53

12.9800 GBP

JE00BF4X3P53

Sale

-52

12.9800 GBP

JE00BF4X3P53

Sale

-52

12.9800 GBP

JE00BF4X3P53

Sale

-52

12.9800 GBP

JE00BF4X3P53

Sale

-51

12.9800 GBP

JE00BF4X3P53

Sale

-51

12.9800 GBP

JE00BF4X3P53

Sale

-50

12.9800 GBP

JE00BF4X3P53

Sale

-50

12.9800 GBP

JE00BF4X3P53

Sale

-49

12.9800 GBP

JE00BF4X3P53

Sale

-49

12.9800 GBP

JE00BF4X3P53

Sale

-48

12.9800 GBP

JE00BF4X3P53

Sale

-47

12.9800 GBP

JE00BF4X3P53

Sale

-47

12.9800 GBP

JE00BF4X3P53

Sale

-47

12.9800 GBP

JE00BF4X3P53

Sale

-46

12.9800 GBP

JE00BF4X3P53

Sale

-45

12.9800 GBP

JE00BF4X3P53

Sale

-45

12.9800 GBP

JE00BF4X3P53

Sale

-45

12.9800 GBP

JE00BF4X3P53

Sale

-45

13.1000 GBP

JE00BF4X3P53

Sale

-45

13.1000 GBP

JE00BF4X3P53

Sale

-44

12.9800 GBP

JE00BF4X3P53

Sale

-35

12.9800 GBP

JE00BF4X3P53

Sale

-34

12.9800 GBP

JE00BF4X3P53

Sale

-25

12.9800 GBP

JE00BF4X3P53

Sale

-21

12.9792 GBP

JE00BF4X3P53

Sale

-14

12.9800 GBP

JE00BF4X3P53

Sale

-10

12.9800 GBP

JE00BF4X3P53

Sale

-8

12.9800 GBP

JE00BF4X3P53

Sale

-3

12.9800 GBP

JE00BF4X3P53

Sale

-2

13.1000 GBP

 

(b) Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

JE00BF4X3P53

Contract for Difference

Opening Short Position

-910

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Closing Long Position

-23,623

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Closing Short Position

203

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Long Position

1,225

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-19,495

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-6,477

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-25,083

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-4,445

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-92,905

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-51,595

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Increasing Short Position

-335,518

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Reducing Long Position

-51,480

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Reducing Short Position

13,441

12.9800 GBP

JE00BF4X3P53

Contract for Difference

Reducing Short Position

910

12.9800 GBP

 

(c) Stock-settled derivative transactions (including options)

 

(i) Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

 

(ii) Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

(d) Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

 

 

 

 

 

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

 

Noe

 

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

 

None

 

(c) Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

No

 

 

Date of disclosure:

13/11/2025

Contact name:

Compliance Control Room

Telephone number*:

0207 595 9695

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

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